Launch Of A Positive Money New Zealand

Launch Of A Positive Money New Zealand - A
Campaign To Reform The New Zealand Banking System

MONDAY
17th OCTOBER 2011

If we are serious about reducing the
level of government and private debt in New Zealand then the
banking system needs to be reformed. It is one where
Einstein’s words ring true.

"We can't solve problems by
using the same kind of thinking we used when we created
them."

The current banking system is debt-based where
privately owned overseas banks create virtually all of our
money out of thin air and introduce it into the economy as
debt. For a significant portion of our economy to grow –
our level of indebtedness must grow. We are on a debt
treadmill but we don’t need to be.

Don’t take our word
for it though: “Of all the many ways of organising
banking, the worst is the one we have today.” Mervyn King,
Governor of the Bank of England.

Speech on 25 October
2010 titled "Banking: From Bagehot to Basel, and Back Again"
- page 18.

Positive Money New Zealand proposes to do away
with the debt-based system and replace it with a full
reserve system that provides stability for banking and
eliminates the boom and bust cycles. Over time, public and
private debt will be repaid and our economy will
thrive.

Our website home page Positive Money NZ has a four
minute video clip that explains what’s really going on.
There is a worldwide movement for reform and the campaign is
based on one that is running in the UK called Positive Money
UK and one in America called The American Monetary
Institute.

The launch will provide an overview of how the
system will work with video links to the UK and to the USA
as they explain their approach.

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